If you are associated with Airtel Payments Bank, then this news can be of use to you. Actually, Airtel Payments Bank has started a new facility of Fixed Deposit ie FD. For this, Airtel Payments Bank has joined hands with private sector IndusInd Bank.
How much interest will you get: According to the information, the bank will give an interest of 6.5 percent on the FD. No penalty will be charged for breaking the FD before maturity. IndusInd Bank said that with the introduction of FD facility, Airtel Payments Bank has further strengthened its digital banking portfolio.
Also deposited from the app: Customers can deposit amounts ranging from Rs 500 to Rs 1,90,000 through the Airtel Thanks app. They will be given an interest of up to 6.5 percent per annum. Senior citizens will get an additional interest of 0.5 per cent on all fixed deposits. According to the bank statement, customers can break the FD before the expiry of its tenure through the Airtel Thanks app and for this they will not be charged any penalty or processing fee.
IndusInd Bank said the FD facility will be available for a fixed tenure of one, two or three years. Customers can do multiple FDs at a time.